Archives For: Industry Updates
Mortgage Servicing Professionals Meet With HUD for Policy Discussion
DS News published an article highlighting a meeting between the National Mortgage Servicing Association’s (NMSA) Joint Federal Agency Task Force and HUD that took place in Washington, D.C.
25 Apr 2019
New Jersey Bill Aims to Allow Municipal Property Registration
S3482 was introduced in the New Jersey Senate on February 14 and has been referred to the Senate community and Urban Affairs Committee. The legislation would permit municipalities to register vacant and abandoned properties and to utilize registration fees to maintain them.
24 Apr 2019
Urban Institute: Options for Reforming the Mortgage Servicing Compensation Model
The Urban Institute published a report examining three options for the mortgage servicing compensation structure.
19 Apr 2019
Severe Storms Continue Across South
The Weather Channel issued a report outlining severe thunderstorm activity affecting portions of the southern U.S.
18 Apr 2019
Time-Barred Foreclosures and the Statute of Limitations
DS News published an article authored by Wright Finlay & Zak Partner Robert Finlay and Attorney Luke I. Wozniak. The article provides an analysis of recent Washington State case law that could directly impact mortgage servicers that attempt to foreclosures on borrowers who have previously experienced bankruptcy.
4 Apr 2019
Judicial Foreclosure Proposed in New Hampshire
HB 270 (relative to commencement of foreclosure by civil action) passed the New Hampshire House of Representatives in March and currently is making its way through the Senate. If enacted, the bill would require that mortgage foreclosures be commenced by civil actions brought in superior court and would modify the period redemption for a mortgage.
1 Apr 2019
Supreme Court Debates Meaning of ‘Debt Collector’ in Foreclosure Protections Case
HousingWire published an article outlining a new Supreme Court ruling that has awarded mortgage lenders and servicers additional protection when serving non-judicial foreclosures.
20 Mar 2019
HUD: Georgia Disaster Recovery
The U.S. Department of Housing and Urban Development (HUD) issued a press release announcing the approval of the State of Georgia’s disaster action plan, which will invest $38 million to support the state in its recovery from the effects of deadly tornadoes in January of 2017 as well as the impact of Hurricane Irma.
15 Mar 2019
HUD: Missouri Storm and Flooding Recovery
The U.S. Department of Housing and Urban Development (HUD) announced the approval of the State of Missouri’s disaster action plan, which will invest $58.5 million to support the state in its recovery from the effects of severe storms, tornadoes, high winds and flooding that occurred in the Spring of 2017.
15 Mar 2019
HUD: California Wildfire and Mudslide Recovery
The U.S. Department of Housing and Urban Development (HUD) announced the approval of the State of California’s disaster action plan, which will invest $124 million to support the state in its recovery from the effects of deadly wildfires and mudslides that occurred in December 2017.
15 Mar 2019